All Forum Posts by: Johann Jells

In NJ that would be a case of a "holdover"

A tenant who remain in a unit after giving his/her landlord notice of his/her intent to leave may be held responsible for double the rent payments for the months that the tenant continues to occupy the unit.

Maybe your state has something similar.  You can't be Solomon here, there's no way to make your old and new tenants both happy.  I would go with the new ones, at least they're not already planning on leaving.

I just read this thread and only @Anthony Rosa was in the least unclear as to what they were talking about. I will go out on a limb and say a dog such as he mentioned that craps all over the house is not a highly trained "Service Animal" and he was mistaken about it's official status.

Learning curves are sometimes hard but rewarding. To me the classic example is the ancient frozen pipe thread, or worse, broken off at the joint. The horror. In one unit all I had coming out of the wall under the vanity was 1" of iron pipe to put a rubber coupler on. But then I saw a "this old house" showing how to cut it out using sawzall inside the pipe then hammering out the pieces. Enlightenment!!! I've done it many times now, piece of cake.

@Abdul Azeez Here's some well meant words of advice: be more informative in your post header. Almost everyone is asking for advice, be specific and actually attract advice from people who might know something about that specific topic. It I wasn't so bored I wouldn't have clicked here, but I'm not bored enough to keep clicking through. If you want help you need to at least not waste people's time.

From what I've heard around my area, all that matters is comps. It's not their first rodeo and they surely know that appraisals are a scam and aren't worth the paper they're printed on. I can rant at length on that topic. As you said above, plan to be taxed at FMV, if you get lucky, that's gravy.

 Maybe it's time for an attorney if you have good comps but they won't listen to reason. Maybe you need an advocate they know, like is surely the case in zoning court. Most work on contingency of a portion of saved tax.

NJ will not tolerate nonpayment. If they do not show up at eviction court with the full late rent, they're out. There's none of the "he didn't fix this and that, and I saw a rat". But other than nonpayment I think it's pretty difficult. And you must renew leases at a rent raise that a judge would not find "unconscionable". Also, rent control varies greatly, from none to every rental even a SFH.

Unless your property is actually overvalued, you're out of luck with appealing. You need to find valid comp sales to show lower value than yours. That means "arms length sales" with no influences. Also, be sure to understand the relationship between your assessment and FMV. It can vary tremendously. There was a 30 year gap between revals here and many people didn't understand that even though their assessment was for far below FMV they were still overassessed.

There's not a place to be had for most people that couldn't bear some improvement. I just had it out with my constantly complaining German tenants, I told them if they weren't happy they should leave. . They complain more than my 11 other tenants combined!  I provided free laundry, and they complained the basement was dusty!!! Some people you just can't please. Unfortunately this being Jersey, I cannot simply not renew.

I told similar people to take a hike in my already desirable area. They didn't even have the grace to offer me a premium over my asking. This was in a multi that I also live in, I didn't want the chaos of even inadvertently inconsiderate people coming and going.